MMMdropped20%+fromitshighandjustreportedaworstreportinlastdecade.Butitstillhasverystrongbalancesheetanddiversifiedproducts.ItisoneofthebestmanufactureinUS.
Ithinkitisagoodtimetopickupsomeshareshere.
Iwillinitialsomepositontodayandcontinuetoaccumulateonceitdropsmoreincomingmonths(possibly).
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ExitFBentirely.Raisecashlevelinuncertaintymarket.[
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Hereisthecurrentportfolio2015holdingsafterrecentadjustment.AfterbigsellofatthebeginingofFeb2018,marketishavingaV-shapedrecovery.Noideahowmuchsteamleftinit.Butwedolearnedgoodlessonfromrecentselloff.Hereisthelist:1.Nevereversellintopanic.Therewillbemuchbettertimetosell(liketoday).Sellintopanicwillhurtyourportfoliobigtimebecauseyouwillhavetochaseitatmuchhigherlevel.2.Thebesttimetobuyisbloodonthestree...[
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金融市场上的丛林法则与动物界的一样，就是弱肉强食。不过市场上的强弱基本上是由两个因素决定的，一个是资金(Capital)，另一个是洞察力(Vision)。
关于资金(Capital)的因素，最明显的就是在市场上谁能动用的钱多谁就越有优势，但又不只是单纯地由资金的规模来区分强弱。例如当一场金融危机来临时，如果一家大型对冲基金或是华尔街的投行所拥有的亿万资产中融资的部[
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Marketrunsintospininlastweeksorso.Itisveryscarymoment.Howeveraslongterminvestor,Iwilltakelongtermviewofmyholdings.ManyofstocksinthisportfolioreportedverystrongearningssuchasBA,AAPL,FB,DXC,AMZNetc.Thereisnoreasontochangemyviewonanyofthose.TWTRfinallydidsomethinggood.
Butgivingthatinflationeramightcome,Iwilltakethisopportunitytoadjustsomepositions.
Iclosedoutairlinesaftercoupleofyearsofstruggl...[
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2017haspassed.Itturnedouttobeanothergoodyearforstocks.Thisportfoliocontinuestodeliveralthoughtherearefewdogs.Thebiggesteventof2017istaxreform.Potentiallyithasgreateimpactonbusiness(hopefullythegoodway).Butitislikelytocausetreasuryyieldtogoup,$todepress,debtstomoveup.Ifenergypricecontinuestomoveup(forexampleto$80whichisunlikely),thenitwillhavenegativeimpacttosomestocksandmarket.Ifyieldcontinuestogo...[
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Therearesomechangesinthisportfolio.
DDmergedwithDOW,newsymbolDWDP.
WFMwasboughtbyAMZN.
FLwasclosedduetosectorproblem.
DXCandFDCweretwonewadditionstoreplaceWFMandFL.
Thisportfoliocontinuestoshineintoyearendof2017
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Theportfoliofirstbuiltin2014.http://blog.wenxuecity.com/blog/frontend.php?act=article&blogId=55169&date=201412&postId=22981
Performanceactuallyhigherthenlistedbelow.Minoradjustmentssince.Entireportfoliostillperformingwellafterthreeyears.Itshouldcontinuetoworkinto2018.
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Bestperformer:AMZN;Worstperformer:TWTR;Bestsector:tech;Worstsector:Biotech
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